A midget sized parcel ~30000 shares. The link suggests 0.59% of total trades as shorts. Totally negligible.
The fruit at the bottom branches has been picked. Volume thinning at these levels. The only way to grab more shares is to climb higher up the tree.
I expect the 16 cent block will move aside in the near future and perhaps more fruit can be gathered at those higher levels.
I don’t mind slow and steady; a chart with a steep slope can have painful rollbacks without a handbrake. A healthy base forming at these levels.
I am one of those dangerous fundamentalists, but I appreciate TA for analogically revealing fundamental realities as well as trader psychology.
Cheers
CT
PSY Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
